ALM Risk Manager

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ALM Risk Manager

Risk & Compliance

Job Description

What is the opportunity?

The US GRM-Balance Sheet Risk (US GRM-BSR) group within Group Risk Management (GRM) provides independent and effective monitoring, controlling, and communication on the nature and extent of all material liquidity risk and banking book market risk across RBC’s Combined US Operations (CUSO). The US GRM-Balance Sheet Risk Analyst supports this mandate by providing complex analytical support in managing risk across large portfolios of assets and liabilities within RBC’s combined US operations. Working at both the CUSO consolidated level and within individual legal entities, this role ensures implementation of and compliance with risk management policies and procedures while providing substantive technical expertise in banking book market risk, non-trading market risk, and interest rate risk in the banking book (IRRBB).

What will you do?

• Apply working-level knowledge of ALM and banking book market risk management across CUSO entities.

• Provide direct support to the Lead, ALM Risk Management on matters pertaining to ALM profile oversight and entity management.

• Demonstrate strong understanding of ALM procedures and concepts and respond to moderately complex functional queries.

• Coordinate work activities within established policies and procedures.

• Interpret and deliver within established policy frameworks.

• Regularly review existing policies and limits, proposing updates and revisions where necessary.

• Create consolidated reporting that includes sensitivity measures and stress testing with consistent aggregation across business lines and legal entities, providing timely and accurate risk reporting.

• Ensure strong control environment through alignment of data management, methodology, and quantitative models.

• Provide insight on key risks and exposures versus market trends and potential events.

• Understand and quantify impacts from model and parameter assumptions within the banking book market risk framework.

• Evaluate both quantitative and qualitative assumptions employed in risk frameworks (i.e., Deposit duration models, and loan prepayment models).

• Monitor activities and exposures to ensure adherence to approved policies and limits .

• Identify and provide insight on emerging risk exposure while investigating and understanding changes in risk exposures.

What do you need to succeed?

Must-have

• 2+ years' experience in the financial services sector

• Bachelor's Degree

• Self-starter with the ability to work independently and in an organized manner, with attention to detail, prioritize, and handle multiple work streams

Nice-to-have

• Knowledge and experience in ALM and interest rate risk management at a large financial institution.

• Strong understanding of risks in the financial services sector, effective risk management approaches and global risk issues

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.

• Leaders who support your development through coaching and managing opportunities.

• Ability to make a difference and lasting impact.

• Work in a dynamic, collaborative, progressive, and high-performing team.

• Opportunities to do challenging work.

• Opportunities to build close relationships with clients.

The expected salary range for this particular position is $120,000-$200,000 (California) depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC’s high-performance culture

• Enables collective achievement of our strategic goals

• Generates sustainable shareholder returns and above market shareholder value

Job Skills

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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.